Financing
Financial institutions will play a leading role in the transition to a net-zero economy by providing the right finance to the right stakeholders at the right time to enable the stakeholders and investors drive innovation and operate at scale. In line with this, Nigerian Government introduced the National Gas Expansion Program (NGEP) in order to make viable the domestic production of CNG and to make it the fuel of choice for transportation in Nigeria. As part of its efforts at stimulating finance to critical sectors of the economy, the Central Bank of Nigeria (CBN) introduces the N250 billion intervention facility to help stimulate investment in the gas value chain.
Partner FI’s
Strategic alliance with key financial institutions and investors is in place to enable customers enjoy a seamless transition from PMS to CNG powered mobility systems. Partnering with FI’s would enable these institutions particularly, Banks productize CNG Conversion as a service (CCaaS) and cross sell to their customers who might be interested in the cost saving and eco friendly CNG conversions. The financing option would cover the initial investment for the procurement of conversion components, implementation and maintenance services.
Pay as you Fuel (PAYF)
PAYF is a payment option that allows customers pay small small for auto gas conversions on a daily or weekly basis over a period of 3 months. This payment option enables profiled customers make an initial down payment of 30% of the total cost of CNG conversion and spread the remaining balance over the stipulated period. Each time a customer visists our designated CNG Gas outlet to refuel, a surcharge of 5% of the outstanding is added to the cost of CNG being refuled as repayment.
